> Medicare bases its payments for physician-administered drugs on their average private market price.

Medicare is driving up prices by… paying market rate?

This reasoning seems to imply that Medicare somehow has the ability to time travel backwards and influence the choices of drug companies and private insurance to inflate prices which they then agree to pay. It literally implies that Medicare reacting to private market is exactly the same thing as controlling the private market. This strikes me as completely incomprehensible at best and a nakedly bad faith attack on Medicare at worst